Sandbox RoyaltiesI don't get it. SAND and Equinix contribute royalties and only get 64% of the shares. What is Sandbox contributing? They get 36% of the shares for assuming a 10 year $32.9m convertible note. Which means they have no real upfront risk and SAND will only be repaid if Sandbox does well, which sort of says SAND has more trust in Sandbox in unlocking value instead of its own management.